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15 important things you should know about Allianz Global Investors PRAAX mutual fund

Updated: September 28, 2020
43
Bull Case
  • 5-year return above the benchmark
  • 10-year return above the benchmark
  • 15-year return above the benchmark
Bear Case
  • Low net assets
  • 3-year return below the benchmark
  • High expense ratio
  • Sales load and/or distribution fees

Before we start: if you’re looking for PRAAX “stock” price, you can quickly find it out by visiting Finny and typing "PRAAX quote". If you’re looking for a quick scoop on PRAAX "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "PRAAX". You’ll get all this info in one place.

Are you looking to buy or sell PRAAX? Or perhaps you’re looking for PRAAX fact sheet, and learn about its alternatives? If so, you came to the right place.

In this PRAAX mutual fund review, we’ll address key questions our readers have been asking us about this fund, above and beyond what you can find in its prospectus, and on Morningstar or Yahoo Finance.

Here is what you’ll be able to find in this review:

  • Fact Sheet: PRAAX performance, returns, expense ratio, holdings and dividend yield;
  • Analysis: PRAAX buy or sell; the pros and cons of investing in PRAAX mutual fund;
  • Alternatives: other ETFs and mutual funds you should consider as alternatives to PRAAX.

And here is the list of questions we’ll answer:

  1. Describe Allianz Funds: AllianzGI NFJ Mid-Cap Value Fund; Administrative Class Shares (PRAAX).
  2. What are PRAAX holdings?
  3. What is PRAAX performance? What are PRAAX historical returns?
  4. How many up and down years did PRAAX have historically?
  5. What is PRAAX dividend yield?
  6. What is PRAAX minimum initial investment amount?
  7. What is PRAAX expense ratio?
  8. Does PRAAX have any sales loads or 12b-1 distribution expenses?
  9. What is PRAAX tax efficiency (tax-cost ratio)?
  10. What is PRAAX beta? How would you assess PRAAX risk?
  11. What is PRAAX Sharpe ratio?
  12. What is PRAAX Finny Score? PRAAX buy or sell?
  13. What are the pros of investing in PRAAX? What are PRAAX buy reasons?
  14. What are the cons of investing in PRAAX? What are PRAAX sell reasons?

So let’s start. Scroll down to the question that interests you the most.

Fact Sheet

1. Describe Allianz Funds: AllianzGI NFJ Mid-Cap Value Fund; Administrative Class Shares (PRAAX).

The Fund seeks long-term growth of capital and current income by investing at least 65% of its assets in common stocks of companies with below-average valuations whose business fundamentals are expected to improve.

2. What are PRAAX top holdings?

PRAAX has 135 stock holdings and 0 bond holdings.

The top 10 holdings represent 17.67% of total assets. Here are the top holdings:

Name Symbol % Assets
Sempra Energy SRE 2.51%
Eversource Energy ES 2.03%
Atmos Energy Corp ATO 1.87%
M&T Bank Corp MTB 1.77%
Hill-Rom Holdings Inc HRC 1.75%
American Water Works Co Inc AWK 1.74%
WEC Energy Group Inc WEC 1.70%
Cincinnati Financial Corp CINF 1.45%
American Financial Group Inc AFG 1.43%
Intercontinental Exchange Inc ICE 1.42%

3. What is PRAAX performance? What are PRAAX historical returns?

PRAAX has generated the following returns:

  • 1-month return is -3.02%;
  • 3-month return is 4.11%;
  • 1-year return is -7.42%;
  • 3-year return is 0.10%;
  • 5-year return is 7.03%;
  • 10-year return is 9.41%;
  • 15-year return is 6.83%.

4. How many up and down years did PRAAX have historically?

In the last 10 years, PRAAX had 7 up years and 3 down years.

PRAAX up and down years

5. What is PRAAX dividend yield?

PRAAX yield is 1.21%.

6. What is PRAAX minimum initial investment amount?

PRAAX minimum initial investment amount is $5.00K.

7. What is PRAAX expense ratio?

PRAAX expense ratio is 0.89%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

PRAAX expenses

8. Does PRAAX have any sales loads or 12b-1 distribution expenses?

PRAAX 12b-1 distribution fee is 0.25. PRAAX front-end sales load is 0. PRAAX back-end sales load is 0.

9. What is PRAAX tax efficiency (tax-cost ratio)?

  • 1-year ax cost ratio is 2.24%;
  • 3-year ax cost ratio is 1.74%.
PRAAX tax costs

10. What is PRAAX beta? How would you assess PRAAX risk?

  • 3-year beta is 1.14;
  • 5-year beta is 1.12;
  • 10-year beta is 1.09.
PRAAX Beta

11. What is PRAAX Sharpe ratio?

  • 5-year Sharpe ratio is 0.30;
  • 10-year Sharpe ratio is 0.66.
PRAAX Sharpe ratio

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 43. Our quantitative analysis shows 3 reasons to buy and 4 reasons to sell it, resulting in the Finny Score of 43.

13. What are the pros of investing in PRAAX? What are PRAAX buy reasons?

The following are PRAAX strengths from our perspective:

  • <strong>PRAAX 5-year return</strong> is 7.03%, which is higher than the 5-year return of the benchmark index (Russell Mid Cap Value TR USD), 5.48%.
  • <strong>PRAAX 10-year return</strong> is 9.41%, which is in line with the 10-year return of the benchmark index (Russell Mid Cap Value TR USD), 9.65%.
  • <strong>PRAAX 15-year return</strong> is 6.83%, which is in line with the 15-year return of the benchmark index (Russell Mid Cap Value TR USD), 7.15%.

14. What are the cons of investing in PRAAX? What are PRAAX negatives?

The following are PRAAX weaknesses from our perspective:

  • <strong>PRAAX net assets</strong> are $35.30 million. This fund is not a popular choice with retail investors.
  • <strong>PRAAX 3-year return</strong> is 0.1%, which is lower than the 3-year return of the benchmark index (Russell Mid Cap Value TR USD), 0.75%.
  • <strong>PRAAX expense ratio</strong> is 0.89%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
  • Warning: this fund has a 12b1 sales fee. The maximum 12b1 fee is 0.25%. A 12b-1 fee is an annual marketing or distribution fee on a mutual fund.
In the PRAAX review, we covered PRAAX key stats (return, performance, yield, expense ratio, and holdings), buy and sell analysis, and alternative investments. If this review was helpful to you, feel free to check out other mutual fund and ETF reviews.
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